Retail investors are taking out personal loans & borrowing from friends and family to invest in stocks…
Via @SoberLook @magnify_money @LendingTree pic.twitter.com/bnHeL2mMXi
— Gregory Daco (@GregDaco) June 23, 2021
US stock market ownership…
ETFs still < 7%.
Household % has ticked up. pic.twitter.com/58MeJw6yg2
— Nate Geraci (@NateGeraci) June 22, 2021
Grantham Calls Meme Investing ‘Biggest U.S. Fantasy Trip’ Ever Thanks to a Clueless Federal Reserve
Investors are witnessing the “biggest U.S. fantasy trip of all time” in the stock market thanks to a clueless Federal Reserve, speedy stimulus and surprising success with Covid-19 vaccinations, according to Jeremy Grantham, financial historian and co-founder of the investment firm GMO. It’s been just over a year since the last stock market crash…
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